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Dec 12, 2012
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the president is address the fiscal cliff, we're dealing with the debt and deficit. this is not about getting through this next month, this is about trying to solve the issues that we face as a nation today and that is the debt and deficit that we face. the president is very fond of talk about the math. let me give you a few things dealing with the math. 2012 will be the third highest revenue receipt into the united states government ever in the history of our nation. the third highest revenue ever received in the hithsroif the united states is coming in in 2012. in this down economy, as paychecks are smaller, federal revenue continues to increase. the president is very focused on trying to get the clinton tax rates but he ignores the clinton level of spending. what we've got to address is a trillion dollar deficit here. if wrp back at the clinton level of spending this would solve the issue that we're dealing with today. so we've got to find a way to address the real driver and real issue that we're facing, that is the spending. until we address that, it's not going
the president is address the fiscal cliff, we're dealing with the debt and deficit. this is not about getting through this next month, this is about trying to solve the issues that we face as a nation today and that is the debt and deficit that we face. the president is very fond of talk about the math. let me give you a few things dealing with the math. 2012 will be the third highest revenue receipt into the united states government ever in the history of our nation. the third highest revenue...
209
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Dec 7, 2012
12/12
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even as we are wrestling with trying to debt a handle on the fiscal cliff, we cannot lose sight of their urgent priority of making sure we have job growth -- job creation, to say the least. many of the components you have outlined -- that both of you have -- it comprised of the broad description of the fiscal cliff whether it is the expiring tax cut provisions, the expiring tax cut extensions, and spending cuts as well. if you consider more, which of those would you consider having the biggest bang for the buck in terms of economic impact of those that we are discussing here today? >> it is a given that we will extend the current tax rates for taxpayers that make less than $250,000 on an annual basis. that is absolutely necessary. when you consider the other things that are happening -- in terms of the bang for the buck, the emergency unemployment insurance program is very effective. it is small in the grand scheme of things. cbo is estimating it would costs per calendar year about $33 million. but the economic opportunity for job growth compared to the unemployment rate would be measura
even as we are wrestling with trying to debt a handle on the fiscal cliff, we cannot lose sight of their urgent priority of making sure we have job growth -- job creation, to say the least. many of the components you have outlined -- that both of you have -- it comprised of the broad description of the fiscal cliff whether it is the expiring tax cut provisions, the expiring tax cut extensions, and spending cuts as well. if you consider more, which of those would you consider having the biggest...
101
101
Dec 11, 2012
12/12
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- gets to the fiscal cliff. here's what we know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. on top of that, the president wants to raise taxes on many small business owners. now, even if we did exactly what the president wants, we would see red ink as far as the eye can see. that's not fixing our problem either. it's making it worse and it's hurting our economy. i think the members know i'm an optimist. i'm hopeful we can reach an agreement. this is a serious issue and there's a lot at stake. the american people sent us here to work together toward the best possible solution and that means cutting spending. if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress because right now the american people have to be scratching their heads and wondering when is the president going to get serious. i yie
- gets to the fiscal cliff. here's what we know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. on top of that, the president wants to raise taxes on many small business owners. now, even if we did exactly what the president wants, we would see red ink as far as the eye can see. that's not fixing our problem either. it's making it worse and it's hurting our...
143
143
Dec 11, 2012
12/12
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speaker, on sunday the president and house speaker boehner met to discuss the impending fiscal cliff. the next day the president jetted off to michigan to campaign for tax increases instead of staying in washington to work on a possible plan. with a national debt of over $16 trillion, washington's out-of-control spending is placing our national security at risk. clearly spending is a threat with an increase of 93.5% over 10 years and revenues increased only 15.7%. raising taxes on the american economy will destroy jobs. reports have indicated that raising taxes on the top 2% will generate up to $80 billion a year. this amount of money covers less than 10% of our nation's annual deficits. it's my hope that the president will address the fiscal cliff to work with house republicans to promote small business job growth. in conclusion, god bless our troops and we will never forget september 11 and the global war on terrorism. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from illinois rise? mr. dold: to address the house for one minute and t
speaker, on sunday the president and house speaker boehner met to discuss the impending fiscal cliff. the next day the president jetted off to michigan to campaign for tax increases instead of staying in washington to work on a possible plan. with a national debt of over $16 trillion, washington's out-of-control spending is placing our national security at risk. clearly spending is a threat with an increase of 93.5% over 10 years and revenues increased only 15.7%. raising taxes on the american...
84
84
Dec 5, 2012
12/12
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we have gone over the fiscal cliff here. we are billions of dollars in debt. democrats and the labor unions are bankrupting this state. so democrat parties are so good why are we bankrupt? don't you think it's time that the unions instead of spending billions of dollars on political campaigns, give that money back to the membership so they can pay their own way? and as taxpayers and people like me that live on a fixed income don't have to be taxed out of our homes and lose the money we work hard to make? host: mr. welch. guest: first of all you have worked hard and -- but a couple things. number one, i can't comment on the california situation. i just don't know enough about it. although the reports are things are starting to turn around a little bit there. and it's very tough to pass a budget when you've got that superis majority requirement. number two -- supermajority requirement. number two, how we got here, it's not unions. the wages for americans have been going down for the past 10, 15 years. people are not keeping up with inflation. the average america
we have gone over the fiscal cliff here. we are billions of dollars in debt. democrats and the labor unions are bankrupting this state. so democrat parties are so good why are we bankrupt? don't you think it's time that the unions instead of spending billions of dollars on political campaigns, give that money back to the membership so they can pay their own way? and as taxpayers and people like me that live on a fixed income don't have to be taxed out of our homes and lose the money we work...
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74
Dec 11, 2012
12/12
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the last eight or nine related principally to the fiscal cliff. we brought about 370 business leaders representing 32 different state the white house and the message that they're giving is pretty consistent with simpson bowles, consistent with fix the debt, consistent with how business voice is characterized in the media. they're anxious for the debt, they want certainty as quickly as possible. they tend to use simpson bowles as their frame of reference. the question is not which plan, republican plan or the democrat plan is better, it's which plan is closer to simpson boles and why? host: here's "the hill" newspaper. obama-friendly business groups given great access to the white house. guest: we bring business leaders from around the country to work on health care reform, immigration reform, the fiscal cliff, intellectual property protection and the business leaders are speaking for themselves. generally speaking, business leaders are centrists. they're data driven, results oriented. and they are looking for compromise in washington. state prooba
the last eight or nine related principally to the fiscal cliff. we brought about 370 business leaders representing 32 different state the white house and the message that they're giving is pretty consistent with simpson bowles, consistent with fix the debt, consistent with how business voice is characterized in the media. they're anxious for the debt, they want certainty as quickly as possible. they tend to use simpson bowles as their frame of reference. the question is not which plan,...
141
141
Dec 12, 2012
12/12
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let's get away from this fiscal cliff. con garagelations to the president for following through with young americans to make sure they get money to pay for college. the speaker pro tempore: for what purpose does the gentlelady from illinois seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, so ordered. mrs. schmidt: i rise to highlight -- ms. schakowsky: the production tax credit is essential for energy independence, the environment and public health and it is critical for job creation and our economy. the production tax credit has helped create good paying jobs across the country including 7,000 in my home state of illinois because of uncertainty, the wind industry is hurting and job losses have already begun. the failure to extend the production tax credit will result in the lots of 37,000 of the 78,000 american wind jobs. those are not just nournls a sheet of paper. they represent people and families and communities. this is not a partisan issue.
let's get away from this fiscal cliff. con garagelations to the president for following through with young americans to make sure they get money to pay for college. the speaker pro tempore: for what purpose does the gentlelady from illinois seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, so ordered. mrs. schmidt: i rise to highlight -- ms. schakowsky: the production tax credit is essential for energy...